Jito (JTO) Price Surges On Airdrop, CEX Listings: Will The Hype Last?
- Moments after its official launch, the price of JTO increased by more than 80%.
- 62.36% of eligible users have claimed tokens out of the possible 100 million.
- Jito’s TVL increased and social volume rose as participants continued interaction with the protocol.
The price of Jito (JTO) pumped to $3.00 within 24 hours after the Liquid Staking Token launched on December 7. According to CoinMarketCap, the price was up 84.96% since the token’s launch and listing on major exchanges.
But besides the price increase, Jito had a lot of hype around its introduction. This was because the project had planned to airdrop 100 million tokens to its early users. Some of the recipients include those who lent to DeFi protocols on Solana (SOL). Others were MEV searchers, as well as validators.
Eyes on JTO as Claims Start
At press time, Flipside Crypto showed that 62.36% of the eligible 10,133 addresses had claimed rewards. Some were worth as low as $500, while others got as high as $12,000. Jito also noted that qualified wallets have 18 months to claim their tokens. Furthermore, a look at the Jito Foundation’s treasury showed that it was still worth $737.48 million.
The post Jito (JTO) Price Surges On Airdrop, CEX Listings: Will The Hype Last? appeared first on Coin Edition.
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Jito (JTO) Price Surges On Airdrop, CEX Listings: Will The Hype Last?
- Moments after its official launch, the price of JTO increased by more than 80%.
- 62.36% of eligible users have claimed tokens out of the possible 100 million.
- Jito’s TVL increased and social volume rose as participants continued interaction with the protocol.
The price of Jito (JTO) pumped to $3.00 within 24 hours after the Liquid Staking Token launched on December 7. According to CoinMarketCap, the price was up 84.96% since the token’s launch and listing on major exchanges.
But besides the price increase, Jito had a lot of hype around its introduction. This was because the project had planned to airdrop 100 million tokens to its early users. Some of the recipients include those who lent to DeFi protocols on Solana (SOL). Others were MEV searchers, as well as validators.
Eyes on JTO as Claims Start
At press time, Flipside Crypto showed that 62.36% of the eligible 10,133 addresses had claimed rewards. Some were worth as low as $500, while others got as high as $12,000. Jito also noted that qualified wallets have 18 months to claim their tokens. Furthermore, a look at the Jito Foundation’s treasury showed that it was still worth $737.48 million.
The post Jito (JTO) Price Surges On Airdrop, CEX Listings: Will The Hype Last? appeared first on Coin Edition.
Read More
Fed Chair Powell Suggests More Rate Cuts Possible This Year